Financial Data and Key Metrics Changes - Exodus reported Q3 revenue of $30.3 million, representing a 51% year-over-year growth, driven by higher digital asset prices and increased consumer and industry partner engagement [3][9] - Q3 swap volume reached $1.75 billion, an 82% increase from the prior year, with B2B swaps contributing $496 million, accounting for 28% of the quarterly volume [9] - Monthly active users stood at 1.5 million, a 6% decrease from the previous year, while quarterly funded users increased by 20% year-over-year to 1.8 million [10] - Digital and liquid assets totaled $315 million, with Exodus maintaining a debt-free position and increasing its Bitcoin holdings to 2,123 Bitcoin [11] Business Line Data and Key Metrics Changes - Non-exchange-related revenue exceeded 10% of total revenue for the first time, primarily due to improvements in staking, particularly in Solana staking [9] - The ExoPay product has gained traction in the United States, contributing to the overall revenue growth [10] Market Data and Key Metrics Changes - The company served 37% of exchange provider volume to ExoSwap industry partners in September, up from 26% in the previous month [5] - The integration with MetaMask is still in the early stages and has not yet produced revenue, but there are optimistic expectations for future support [5] Company Strategy and Development Direction - Exodus aims to evolve beyond a crypto wallet, positioning itself as a comprehensive financial app for payments and money transfers, utilizing stablecoins [3][4] - The acquisition of Grateful is intended to enhance the payment strategy and expand capabilities in the traditional payment space [11] - The company is exploring the tokenization of assets, including a potential Bitcoin dividend for shareholders, which is seen as a way to leverage core assets for business objectives [6][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the importance of stablecoin adoption and real-world asset tokenization as key catalysts for growth [7][8] - The company recognizes the significant opportunity in Latin America, particularly in countries like Argentina, where consumers are increasingly interested in using stablecoins due to high inflation [28] Other Important Information - The Grateful acquisition is seen as a strategic move to integrate crypto builders into Exodus, enhancing the company's technological capabilities [4][5] - The company is focused on providing a seamless user experience, allowing consumers to manage various assets within a single app [34][36] Q&A Session Summary Question: Can you elaborate on the Grateful acquisition and its integration timeline? - The Grateful acquisition is expected to go live next month in Uruguay, with a focus on merchant services and checkout experiences [17][18] Question: What does the monetization model look like for Grateful? - The short-term focus is on utility rather than immediate monetization, with potential for consumer services like loans and yield generation from stablecoins [25][26] Question: How significant is the opportunity in Latin America for stablecoin payments? - The opportunity is described as huge, particularly in Argentina, where consumers are eager to use stablecoins due to economic conditions [28] Question: How will Exodus incentivize users to adopt the platform? - The strategy includes integrating with credit and debit cards, providing a frictionless experience for users to manage their finances within one app [34][36]

Financial Data and Key Metrics Changes - Exodus reported Q3 revenue of $30.3 million, representing a 51% year-over-year growth, driven by higher digital asset prices and increased consumer and industry partner engagement [3][9] - Q3 swap volume reached $1.75 billion, an 82% increase from the prior year, with B2B swaps contributing $496 million, accounting for 28% of the quarterly volume [9] - Non-exchange-related revenue exceeded 10% of total revenue for the first time, primarily due to improvements in staking, particularly in Solana staking [9][10] - Monthly active users remained at 1.5 million, a 6% decrease year-over-year, while quarterly funded users increased to 1.8 million, up 20% from a year ago [10][11] - Digital and liquid assets totaled $315 million, with Exodus maintaining a debt-free position and increasing its Bitcoin holdings to 2,123 Bitcoin [11] Business Line Data and Key Metrics Changes - The acquisition of Grateful is expected to enhance Exodus's payment strategy, providing tools for merchant checkout experiences based on stablecoins [4][11] - The company has signed 16 partnerships in the industry, with 10 already producing results, indicating growing traction in its traditional crypto business and XO Swap [5][9] Market Data and Key Metrics Changes - The overall economic environment for the quarter was supported by rising prices of Bitcoin and Ethereum, with stablecoin and real-world asset tokenization adoption seen as key future catalysts [7][8] Company Strategy and Development Direction - Exodus aims to evolve beyond a crypto wallet, positioning itself as a comprehensive financial app for payments and money transfers, leveraging stablecoins for transactions [3][4] - The company is exploring the potential for a Bitcoin dividend to reward shareholders and promote the adoption of its products [12][13] - The integration of Grateful is seen as a strategic move to penetrate the traditional payment space and enhance the user experience across jurisdictions [11][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the significant opportunity in Latin America for stablecoin-based payments, particularly in countries with high inflation like Argentina [28][34] - The focus is on creating a seamless user experience that integrates various financial services within a single app, catering to the preferences of younger generations [34][36] Other Important Information - The Grateful acquisition was a mix of cash and stock, with the financial impact expected to be modest but significant in terms of technology and market reach [18][19] - The company is actively pursuing a charter amendment to allow for the potential issuance of Bitcoin dividends to Class A stockholders [14] Q&A Session Summary Question: Can you elaborate on the Grateful acquisition and its integration timeline? - The Grateful acquisition is set to go live next month in Uruguay, focusing on merchant services and checkout experiences [17] Question: What is the monetization model for Grateful? - The short-term focus is on utility rather than immediate monetization, with potential for consumer services like loans and yield generation from stablecoins [25][26] Question: How significant is the opportunity in Latin America for stablecoin payments? - The opportunity is described as huge, particularly in high-inflation countries like Argentina, where stablecoins are in demand [28] Question: How will Exodus incentivize users to adopt its platform? - The strategy includes integrating with credit and debit cards, providing a seamless experience for users to manage their assets in one app [34][36]

Financial Data and Key Metrics Changes - Exodus reported Q3 2025 revenue of $30.3 million, representing a 51% year-over-year growth, driven by higher digital asset prices [4][11] - Q3 swap volume reached $1.75 billion, an increase of 82% from the prior year, with B2B swaps contributing $496 million, accounting for 28% of the quarterly volume [11] - Non-exchange-related revenue increased to over 10% of total revenue for the first time, primarily due to improvements in staking, particularly in Solana staking [11][12] - Monthly active users stood at 1.5 million, a 6% decrease year-over-year, while quarterly funded users increased to 1.8 million, up 20% from a year ago [12] Business Line Data and Key Metrics Changes - The acquisition of Grateful is expected to enhance Exodus' payment strategy, providing tools for merchant checkout experiences based on stablecoins [5][12] - Exodus has signed 16 partnerships in the industry, with 10 already producing revenue, indicating growth in its traditional crypto business and ExoSwap [6][12] Market Data and Key Metrics Changes - The company served 37% of exchange provider volume to ExoSwap industry partners in September, up from 26% in the previous month [6] - The price of Bitcoin and Ethereum supported the overall economic environment for the quarter, with stablecoin and real-world asset tokenization adoption seen as key future catalysts [9][10] Company Strategy and Development Direction - Exodus aims to become a comprehensive financial app, integrating payments, investments, and savings, moving beyond just a crypto wallet [4][10] - The company is exploring a Bitcoin dividend for shareholders, which could leverage a core asset to reward stockholders and promote product adoption [14][15] - The Grateful acquisition is part of a broader strategy to enhance capabilities in the traditional payment space and expand into new regions [13][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the potential of stablecoins and the importance of integrating Grateful into their platform [5][9] - The company sees significant opportunities in Latin America, particularly in countries like Argentina, where there is a high demand for stablecoin usage due to inflation [29] Other Important Information - Exodus maintains a debt-free position with digital and liquid assets totaling $315 million as of September 30, including 2,123 Bitcoin [13] - The company is actively pursuing a charter amendment to allow for Bitcoin dividends, which is subject to board approval [15] Q&A Session Summary Question: Can you unpack the Grateful acquisition and its integration timeline? - Management confirmed that Grateful will go live next month in Uruguay, focusing on merchant services and checkout experiences [19][20] Question: What does the monetization model for Grateful look like? - The focus is on utility for merchants rather than immediate monetization, with potential for consumer services like loans and yield from stablecoins [27][28] Question: How significant is the opportunity in Latin America for stablecoin payments? - Management highlighted the vast potential in Latin America, especially in Argentina, where stablecoins are in high demand due to economic conditions [29] Question: How will Exodus incentivize users to adopt their platform? - The strategy includes integrating with credit and debit cards, providing a seamless experience for users to manage various assets in one app [35][37]

Imagine holding £20,001 in stablecoins because of a peg break & a U.K. SWAT team rocks up to your door ...

RT Capital Markets (@capitalmarkets)The Q3 @MessariCrypto State of Solana report is live👇https://t.co/HO6L7D4VOHHighlights include1⃣DeFi TVL grew 33% QoQ to $11.5B2⃣Stablecoins grew 37% QoQ to $14.1B3⃣RWAs grew 42% QoQ to $682M4⃣SOL DATs hold $3.9B at the end of Q3 ...

Financial Highlights - Total revenue reached $402.2 million, a 27% year-over-year increase[15] - Adjusted EBITDA was $29 million, a 241% year-over-year increase[15] - The company holds $64 million in cash[15] - The company has $0 debt[15] Strategic Initiatives - Bakkt is focusing on stablecoins and Real-World Asset (RWA) tokenization for growth[11] - The company is expanding its technology and services to new markets through Bakkt Global[23] - Bakkt is developing Bakkt Agent, an AI-powered programmable finance platform[19] Market Opportunity - The total stablecoin market cap is $308 billion as of October 24, 2025[11] - The stablecoin market is projected to have a 38% Compound Annual Growth Rate (CAGR) through 2030[11] - Estimated growth in tokenization through 2033 is $46 trillion[11]

few weeks ago I wrote about what would happen with banks and stables as they get nervous about debtit is now happening and will get worsethe only solution is private internet native SoV and using momentum to make better legislationprivate money at planetary scale, now https://t.co/ke305fwITamert | helius.dev (@0xMert_):it's always good to think of worst-case scenarios for the economy to predict how one might fare in such a casefirst, recall that the banks are scared, even of relatively harmless crypto primi ...

Told you they would do exactly this btwhttps://t.co/6pUoEtcae5mert | helius.dev (@0xMert_):it's always good to think of worst-case scenarios for the economy to predict how one might fare in such a casefirst, recall that the banks are scared, even of relatively harmless crypto primitives like stablecoins (which actually give them more control than before)due to the ...

⚡️ CATHIE WOOD: "While stablecoins are usurping one of the roles we expected BTC to play in emerging markets, its role as a store of value (think gold) should have soared!" https://t.co/a54VeWCA4L ...

I am looking forward to explaining @ARKInvest’s #bitcoin price target at @official_cantor fitzgerald’s crypto conference this week. While stablecoins are usurping one of the roles we expected #BTC to play in emerging markets, its role as a store of value (think gold) should have soared! ...